IonQ, Inc. (NYSE:IONQ) ranks among the best computer hardware stocks to invest in. On August 7, Morgan Stanley maintained its Equalweight rating on IonQ, Inc. (NYSE:IONQ) and increased its price target from $30 to $32. Morgan Stanley now values IonQ at 50-80x 2026 price-to-sales ratio, up from its previous range of 50-70x.
IonQ, Inc. has presented a “compelling case that its technology can accelerate commercial adoption and build leadership,” according to Morgan Stanley, with the firm also noting a “very large long-term opportunity for quantum technology,” especially in fields like artificial intelligence and simulation.
The firm stated that IonQ’s market value of $13 billion seems fair considering its ability to dominate several markets that have the potential to grow significantly, though it “doesn’t leave room for much upside until the market inflects.”
IonQ, Inc. is a US-based company that develops quantum computing hardware, software, and networking solutions for both enterprise and defense clients.
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This article is originally published at Insider Monkey.
